Tallen 649 Beck Avenue | Fairfield, CA
- 14,700 square foot freestanding Single Net Tenant retail building
- Sited on 1.25 acres
Tallen 649 Beck Avenue Fairfield, CA is a strategically located 14,700 square foot freestanding Single Net Tenant retail building sited on 1.25 acres and is currently for lease.
The property is strategically located adjacent to the City of Fairfield’s Transportation Center bringing hundreds of daily commuters to the property.
In addition, this well located property is proximate to Home Depot, the only Target in Fairfield, Food Maxx, Walgreens, 99 Cents Only and Mc Donald’s.
Terrence Tallen acquired the building in 2006 and immediately leased the property under a 20 year ground lease to British powerhouse Tesco.
Tesco operating under the brand name Fresh & Easy was acquired by Los Angeles billionaire Ron Berkle in 2013.
In 2015 Mr. Burkle put the company into bankruptcy and Mr. Tallen recaptured the building and has completed a number of interior and exterior improvements.
Fresh & Easy invested approximately $2,000,000 in tenant improvements and upgrades including a new roof and a new HVAC system.
“When I purchased the Beck Avenue property, we were seeking additional investments in Solano County to capitalize of our relationships and market knowledge. We had just successfully completed the assemblage of a high visibility Interstate 80 fronting land from big box powerhouse Costco and the City of Fairfield and then we served as owner and master developer with long time partner Richard Heller. We sold off parcels to Pet Club and Applebees and then developed and own the Napa Tahoe Crossing Shopping Center. In our opinion, Tallen 649 Beck Avenue is a exceptional leasing opportunity for a retailer or grocery to lease one of the best retail locations in Fairfield.” says Tallen.
The property’s zoning allows for a wide range of uses and would be ideally suited for a specialty or ethnic grocer, a national drug chain or retailers looking to take advantage of the significant traffic and the proximity to large format retailers.